The Morning news update with BG Group, Foxtons, Plexus and Fyffes
FTSE 100
BG Group (BG.) – results from a recently completed second drill-stem test (DST) on the Mzia discovery in Block 1, offshore southern Tanzania, provides further support for a hub development to supply a potential onshore LNG project.
FTSE 250
Foxtons (FOXT) – Profit before tax up 57.1% to £23.1 million in the six months to June, interim dividend and a special interim dividend to be paid of 1.77p and 2.77p respectively.
888 Holdings (888) – Profit Before Tax decreased by 4% to $34 million in the six months to June, dividend up by 0.5 cents to 3.5 cents per share.
Evraz (EVR) – posts a net profit of $1 million for the six months to June from a loss of $146 million.
Small caps
Plexus (POS) – has received a purchase order from Det Norske Oljeselskap ASA (‘Det Norske’) to supply surface wellhead and mudline equipment services for an oil and gas appraisal well offshore Norway. The value of the order is estimated at approximately £1 million with revenues expected to commence December 2014.
Fyffes (FFY) – adjusted pre-tax profits up by 40% at €31 million in the six months to June, interim dividend up by 5% at 0.714 cents per share.
London Capital Group (LCG) – posts a loss before tax from continuing operations of £0.4 million for the six months to June.
Tyratech (TYR) – has secured product listings for its Vamousse head lice product range, including its Vamousse Treatment mousse and Vamousse Protection shampoo, in Sainsbury’s and Tesco stores in the UK.
Publishing Technology (PTO) – its joint venture in China, has signed an agreement with the Zhonghua Book Company, one of the most prestigious trade and academic publishing houses in China, at the Beijing Book Fair. No financial information has been disclosed.
Industrial Multi Property Trust (IMPT) – adjusted net asset value down by 1p to 223p per share over the six months to June.
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